Axi

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	Official Website
Leverage	1:500
Minimum Deposit	$0
Regulation	ASIC, FCA
Year Established	2007
Payment Methods	Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller
Trading Assets	Forex, Indices, Shares, Commodities, Cryptocurrencies
MT4	✅
MT5	❌
Spreads	Very Low
Average cost: EUR/USD	0.3 pips
Demo Account	✅
Islamic Account	✅
CopyTrading	✅
ZuluTrade	❌
Scalping	Yes
Signals	✅
EAs/Robots	Available
Negative Balance Protection	Yes
Deposit Fee	❌
Withdrawal Fee	❌
Contact Information	Email: [email protected], Phone: +61 2 9965 5830
Address	Level 10, 90 Arthur Street, North Sydney, NSW 2060, Australia
Rating	★★★★☆ 4.3
Website	Official Website

Alternative Brokers

Rank	Broker	Review
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2	XTB
3	Exness
4	RoboForex
5	FBS
6	XM
7	JustMarkets
8	Markets.com
9	eToro
10	IC Markets

Pros and Cons

Axi Review: Evaluating Its Services, Costs, and User Experience

In the competitive world of online trading, selecting the right broker is crucial for both novice and experienced traders.

Axi, formerly known as AxiTrader, is a well-established broker that has garnered attention for its comprehensive services and robust regulatory framework.

This review provides an in-depth analysis of the firm, covering its history, regulatory status, trading platforms, account types, fees, customer support, and overall trading experience.

By the end of this review, readers should clearly understand what this online brokerage offers and whether it meets their trading needs.

History and Background

Axi was founded in 2007 in Sydney, Australia.

Over the years, it has grown to become a globally recognized company, serving clients in over 150 countries.

The rebranding from AxiTrader to its current name in 2020 marked a new chapter in its development, reflecting its broader range of services beyond traditional forex trading.

The firm’s mission is to provide traders with a trustworthy and secure trading environment, coupled with cutting-edge technology and competitive trading conditions.

Milestones

The broker has achieved several significant milestones since its inception:

• 2007: Founded in Sydney, Australia.
• 2008: Obtained regulatory approval from ASIC.
• 2012: Expanded into Europe with FCA regulation.
• 2015: Launched new trading tools and partnered with Autochartist.
• 2018: Expanded into the Middle East with DFSA regulation.
• 2020: Rebranded from AxiTrader to Axi, reflecting its expanded services.

Regulatory Status

Regulation is a critical factor when choosing a broker, as it ensures the safety of funds and the integrity of trading operations.

The company is regulated by several top-tier financial authorities, including:

• Australian Securities and Investments Commission (ASIC): The broker is licensed under ASIC (AFSL number 318232), which is known for its stringent regulatory standards.
• Financial Conduct Authority (FCA): In the UK, the company operates under FCA (FRN: 509746), ensuring compliance with high regulatory standards.
• Dubai Financial Services Authority (DFSA): The firm is also regulated by the DFSA (F003742), which oversees its operations in the Middle East.

These regulatory bodies require the company to adhere to strict rules regarding client fund segregation, transparency, and financial reporting, providing a secure and reliable trading environment.

Trading Platforms

Axi offers two main trading platforms: MetaTrader 4 (MT4) and AxiOne.

These platforms cater to different types of traders, from beginners to professionals.

MetaTrader 4 (MT4)

MT4 is one of the most popular trading platforms globally, known for its user-friendly interface and powerful trading tools. Axi’s MT4 platform offers:

• Advanced Charting Tools: Users can access multiple chart types, timeframes, and technical indicators to analyze market trends and make informed trading decisions.
• Automated Trading: MT4 supports Expert Advisors (EA), allowing traders to automate their trading strategies.
• Multiple Order Types: Investors can use various order types, including market, limit, stop, and trailing stop orders.
• Customizable Interface: MT4’s interface can be customized to suit individual trading preferences.

AxiOne

AxiOne is its proprietary trading platform designed to offer a more advanced trading experience.

It includes:

• Enhanced Performance: AxiOne boasts faster execution speeds and lower latency, which is crucial for high-frequency traders.
• Advanced Risk Management Tools: Users can manage their risk more effectively with features like negative balance protection and customizable risk parameters.
• Integrated Trading Tools: The platform integrates various trading tools, such as market analysis, economic calendars, and news feeds.

Account Types

Axi provides 4 account types to cater to different trading needs and experience levels.

These include:

Standard Account

The Standard Account is suitable for beginners and intermediate users.

Key features include:

• No Minimum Deposit: Investors can start with any amount they are comfortable with.
• Spreads from 0.4 Pips: Competitive spreads make trading more cost-effective.
• No Commission: Trading is commission-free, with costs built into the spread.

Pro Account

The Pro Account is designed for more experienced individuals who require tighter spreads and lower trading costs.

Features include:

• Minimum Deposit of $1,000: A higher initial deposit is required.
• Spreads from 0.0 Pips: Extremely low spreads provide a cost advantage.
• Commission of $7 per Round Turn: A commission is charged on trades, but the lower spreads often offset this cost.

Elite Account

The Elite Account caters to professionals and institutions.

It offers:

• Minimum Deposit of $25,000: Suitable for high-volume traders.
• Personal Account Manager: Dedicated support for personalized trading solutions.
• Customizable Trading Conditions: Tailored spreads and commissions based on trading volume.

Trading Instruments

Axi offers a wide range of trading instruments across various asset classes, providing ample opportunities for diversification.

These include:

Forex

The broker provides access to over 70 currency pairs, including major, minor, and exotic pairs.

The forex market is highly liquid, making it an attractive option for new clients.

Indices

Investors can speculate on the performance of global stock indices, such as the S&P 500, NASDAQ, FTSE 100, and more.

Index trading allows for broad market exposure without the need to trade individual stocks.

Commodities

The company offers trading in various commodities, including precious metals (gold, silver), energy products (crude oil, natural gas), and agricultural products (coffee, sugar).

Shares

Traders can trade Contracts for Difference (CFDs) on shares of major companies listed on global stock exchanges.

This allows for leveraged trading and short selling opportunities.

Cryptocurrencies

It also provides access to popular cryptocurrencies like Bitcoin, Ethereum, and Ripple.

Cryptocurrency trading is available 24/7, offering flexibility.

Trading Conditions and Fees

Trading costs are a critical consideration for any trader.

Axi aims to provide competitive trading conditions with transparent fee structures.

Spreads

The broker offers variable spreads that can be as low as 0.0 pips on the Pro Account.

The Standard Account offers spreads starting from 0.4 pips. Spreads vary depending on market conditions and the specific trading instrument.

Commissions

Commissions are charged on the Pro Account at $7 per round turn.

The Standard Account is commission-free, with costs included in the spread.

Swap Rates

Axi charges swap rates for holding positions overnight.

These rates are competitive and vary depending on the trading instrument and market conditions.

Deposit and Withdrawal Fees

The broker does not charge deposit fees.

Withdrawal fees are also generally waived, although some payment providers may charge their fees.

It’s important for investors to check with their payment provider for any additional costs.

Inactivity Fees

The firm charges an inactivity fee of $10 per month if there is no trading activity for 12 months.

This fee is relatively standard in the industry and encourages active trading.

Customer Support

Quality support is essential for resolving trading issues and providing assistance.

The firm offers comprehensive customer attention through various channels:

24/5 Support

The broker provides 24/5 customer support, ensuring that clients can get help during the trading week.

This includes support via live chat, email, and phone.

Multilingual Support

Their support team is multilingual, catering to a global client base.

Languages include English, Spanish, Chinese, Arabic, and more.

Educational Resources

The company offers a range of educational resources to help people improve their skills and knowledge.

These include webinars, trading guides, video tutorials, and a detailed FAQ section on their website.

Trading Tools and Resources

Axi provides various tools and resources to enhance their trading experience and decision-making process.

Autochartist

Autochartist is a powerful market analysis tool that provides automated technical analysis.

It identifies trading opportunities based on chart patterns, Fibonacci levels, and key support and resistance levels.

PsyQuation

PsyQuation is an advanced analytics platform that uses AI to provide personalized trading insights and performance analysis.

It helps market participants identify strengths and weaknesses in their trading strategies.

VPS Hosting

The broker offers Virtual Private Server (VPS) hosting for those who require low-latency connections and uninterrupted trading.

This is particularly useful for those using automated trading systems and EA.

Economic Calendar

Its economic calendar provides up-to-date information on key economic events and data releases.

This helps investors stay informed about market-moving events and plan their trades accordingly.

Market News and Analysis

This broker offers daily market news and analysis from experienced analysts.

This includes technical and fundamental analysis, providing investors with valuable insights into market trends and potential trading opportunities.

Security of Funds

Ensuring the security of funds is a top priority, and the company implements several measures to protect client assets and provide peace of mind.

Segregated Accounts

Client funds are held in segregated accounts with top-tier banks, separate from its operational funds.

This ensures that the money is protected in the unlikely event of insolvency.

Negative Balance Protection

The broker offers negative balance protection, ensuring that people cannot lose more than their account balance.

This is an important risk management feature that protects individuals from extreme market volatility.

Insurance Coverage

The company provides additional insurance coverage for client funds through their membership in the Financial Services Compensation Scheme (FSCS) in the UK and other similar schemes in different jurisdictions.

This offers an extra layer of protection for customers.

User Experience and Interface

The company places a strong emphasis on providing a seamless and user-friendly trading experience.

The interface of their trading platforms is designed to be intuitive and easy to navigate.

Platform Customization

Both the MT4 and AxiOne platforms offer extensive customization options.

Traders can tailor their trading environment to suit their preferences, including chart layouts, color schemes, and technical indicators.

Mobile Trading

Axi offers mobile trading apps for both iOS and Android devices.

These apps provide full functionality, allowing anybody to manage their accounts, place trades, and monitor the markets on the go.

Web Trading

Their web trading platform offers the convenience of trading directly from a web browser.

It provides all the essential features of the desktop platform, making it a versatile option for those who prefer not to download software.

Account Opening Process

The account opening process is straightforward and can be completed online in a few simple steps.

Registration

New customers need to fill out an online registration form, providing basic personal information and contact details.

This step is quick and user-friendly.

Verification

To comply with regulatory requirements, the company requires users to verify their identity and address.

This involves uploading copies of identification documents (such as a passport or driver’s license) and proof of address (such as a utility bill or bank statement).

Funding

Once the account is verified, traders can fund their account using various payment methods, including bank transfers, credit/debit cards, PayPal, Skrill, and Neteller.

This broker does not impose a minimum deposit, allowing individuals to start with any amount they are comfortable with.

Account Activation

After funding the account, you can start trading immediately.

The entire process is designed to be efficient, ensuring that clients can begin trading without unnecessary delays.

Deposit and Withdrawal Options

Axi provides multiple options for depositing and withdrawing funds, ensuring convenience and flexibility.

It is crucial to choose the method that best suits your needs, considering factors such as processing time and any potential fees.

Deposit Options

• Bank Transfer: A traditional method that may take a few business days for funds to be credited.
• Credit/Debit Cards: Instant deposits using Visa or MasterCard.
• PayPal: A widely used online payment method with instant processing.
• Skrill: An e-wallet service that allows for quick and secure deposits.
• Neteller: Another popular e-wallet option for fast transactions.

Withdrawal Options

• Bank Transfer: May take a few business days, depending on the bank and country.
• Credit/Debit Cards: Usually processed within a few business days.
• PayPal: Typically processed within 24 hours.
• Skrill: Quick processing, usually within 24 hours.
• Neteller: Fast processing, generally within 24 hours.

Market Research and Analysis

Axi offers robust market research and analysis tools to help investors make informed decisions.

These resources are essential for both novice and experienced users looking to understand market trends and identify trading opportunities.

Daily Market Analysis

The broker provides daily market analysis from a team of experienced analysts.

This includes:

• Technical Analysis: Detailed analysis of price charts, identifying key support and resistance levels, trend lines, and potential price patterns.
• Fundamental Analysis: Insights into economic indicators, geopolitical events, and other factors that may impact market movements.
• Market Updates: Regular updates on major market events, such as central bank meetings, economic data releases, and political developments.

Trading Signals

This broker offers trading signals based on technical and fundamental analysis.

These signals provide entry and exit points for various trading instruments, helping traders make informed decisions.

The signals are delivered via email, SMS, or through the trading platform.

Economic Calendar

Its economic calendar is a valuable tool for keeping track of important economic events and data releases.

It includes:

• Event Date and Time: Scheduled dates and times for economic events.
• Event Description: Brief descriptions of the events and their potential impact on the markets.
• Previous and Forecast Data: Historical data and forecasts to help investors anticipate market reactions.

Educational Resources

Education is a key component of its offering, aimed at helping traders improve their skills and knowledge.

The broker provides many educational resources suitable for people at all levels.

Webinars

The company also regularly hosts webinars on various trading topics.

These sessions are conducted by industry experts and cover:

• Trading Strategies: Different strategies for trading forex, commodities, indices, and more.
• Technical Analysis: Understanding chart patterns, indicators, and other technical analysis tools.
• Fundamental Analysis: Analyzing economic indicators, news events, and their impact on the markets.

Trading Guides

The broker offers comprehensive trading guides that cover essential topics such as:

• Forex Basics: Introduction to forex trading, including terminology, market structure, and basic concepts.
• Advanced Trading Strategies: In-depth guides on advanced strategies, risk management, and trading psychology.
• Platform Tutorials: Step-by-step guides on using the MT4 and AxiOne platforms, including setup, customization, and order placement.

Video Tutorials

Their video tutorials provide visual and interactive learning experiences.

Topics include:

• Platform Navigation: How to navigate and use the MT4 and AxiOne platforms effectively.
• Chart Analysis: Techniques for analyzing price charts and identifying trading opportunities.
• Risk Management: Best practices for managing risk and protecting trading capital.

Demo Account

This broker offers a demo account that allows to practice strategies in a risk-free environment.

The demo account provides access to real-time market data and simulates the live trading experience without using real money.

Account Management and Reporting

Effective account management and transparent reporting are crucial for a seamless trading experience.

Axi provides traders with comprehensive account management tools and detailed reporting features.

Account Dashboard

The account dashboard is user-friendly and provides a centralized location for managing all aspects of the trading account.

Features include:

• Account Overview: Summary of account balances, equity, and margin levels.
• Transaction History: Detailed history of deposits, withdrawals, and trade executions.
• Account Settings: Options to update personal information, change passwords, and set trading preferences.

Reporting Tools

Axi offers advanced reporting tools to help investors track their performance and analyze their trading activity.

These tools include:

• Trade Reports: Detailed reports on individual trades, including entry and exit points, profit and loss, and trading costs.
• Performance Analytics: Insights into overall trading performance, including win/loss ratios, average trade duration, and drawdowns.
• Tax Reports: Comprehensive reports for tax purposes, summarizing trading activity and financial results over a specified period.

Promotions and Bonuses

The firm occasionally offers promotions and bonuses to enhance the trading experience and attract new customers.

These promotions can include deposit bonuses, trading contests, and referral programs.

It is important for retailers to review the terms and conditions associated with these promotions to understand any requirements or restrictions.

Deposit Bonuses

The broker may offer deposit bonuses as an incentive for new clients.

These bonuses typically match a percentage of the initial deposit and can be used to increase trading capital.

Trading Contests

It also hosts trading contests where anybody can compete for prizes based on their trading performance.

These contests are an excellent way for traders to test their skills and potentially earn rewards.

Referral Programs

The broker’s referral program rewards clients for referring new customers.

Referrers can earn bonuses or commissions based on the trading activity of the clients they refer.

Corporate Social Responsibility (CSR)

Axi is committed to corporate social responsibility and actively participates in various initiatives to give back to the community and promote sustainability.

Environmental Initiatives

The firm is involved in efforts to reduce its environmental footprint.

This includes initiatives such as reducing paper usage, promoting digital communications, and supporting environmental conservation projects.

Community Engagement

Axi supports local communities through charitable donations, sponsorships, and volunteering activities.

The broker aims to make a positive impact by contributing to various social causes.

Ethical Practices

The company adheres to ethical business practices and promotes transparency, fairness, and integrity in all its operations.

This commitment to ethics is reflected in its regulatory compliance and customer-centric approach.

Comparison with Competitors

To provide a well-rounded review, it is essential to compare Axi with other leading firms in the industry.

This comparison highlights the strengths and areas for improvement relative to its competitors.

Spread and Commission Comparison

Platform Features Comparison

Regulatory Comparison

Customer Support Comparison

Conclusion

Axi is a reputable and well-regulated broker that offers a comprehensive trading experience for both novice and experienced traders.

With its robust regulatory framework, competitive trading conditions, advanced trading platforms, and extensive range of trading instruments, it provides a secure and reliable environment for trading.

Its commitment to customer support, educational resources, and innovative trading tools further enhances its appeal.

Traders seeking a trustworthy broker with a global presence, competitive pricing, and a strong focus on client security will find it to be a suitable choice.

While the absence of the MT5 platform and limited educational resources may be a drawback for some, the overall package offered makes it a strong contender in the online trading industry.

For those interested in exploring what Axi has to offer, opening an account is a straightforward process, and the availability of demo accounts allows traders to test the platform and trading conditions before committing real funds.

With its strong track record and commitment to client satisfaction, Axi stands out as a trading firm worth considering for your trading needs.

FAQ

Resources

• Official Website
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• Trustpilot
• Crunchbase
• LinkedIn
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• YouTube
• Instagram
• Telegram

Customer Reviews

Article written, edited and reviewed by

Adam Rosen

Adam Rosen is a seasoned senior marketer whose expertise extends far beyond the norm. Drawing from decades of experience in the industry, Adam plays an integral role in our team, infusing his insights into every project we tackle. But that's not all – Adam has a unique knack for breaking down complex broker information and crafting insightful reviews for our website, Brokfolio. His dedication to providing readers with valuable insights and guidance makes him an invaluable asset to our team. Beyond his professional pursuits, Adam is fueled by an unwavering passion for technology and fintech. He thrives on pushing boundaries and exploring new horizons in these dynamic domains. Curious to learn more about the mind behind the words? Dive into Adam Rosen's profile to discover a wealth of expertise, innovation, and a relentless drive for excellence.

Andrew Blumer

Andrew Blumer is a finance pro who's got money matters down to a science.
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Alternatives

Rank	Broker	Review
1	xChief
2	XTB
3	Exness
4	RoboForex
5	FBS
6	XM
7	JustMarkets
8	Markets.com
9	eToro
10	IC Markets

Last updated: September 4, 2024